U.S., Texas and Permian Basin added drilling rigs in the past week, according to the latest weekly report from Baker Hughes. As of April 19, there were 619 rigs in U.S. (up 2 in past week, down 134 in past year), 296 in Texas (up 2 in past week, down 81 in past year) and 318 in Permian Basin (up 2 in past week, down 40 in past year). Also, there were 108 rigs in New Mexico (down 1 in past week, up 3 in past year). The gain in drilling rigs by U.S. broke a streak of four consecutive weeks of declines.
In the Permian Basin, Eddy County, N.M., leads with 56 rigs (down 3 in past week) followed by Lea, N.M., with 49 (up 2), Martin with 35 (down 2), Reeves with 25 (up 4) and Loving with 23 (unchanged). Also, there were 22 rigs in Midland (unchanged), 17 in Upton (down 1), Reagan with 14 (up 1), and Culberson, Howard and Ward each with 11.
Oklahoma is No. 3 among states with 45 rigs (up 1 in past week) followed by Louisiana with 40 (up 1) and North Dakota with 32 (unchanged). Eagle Ford in south Texas is No. 2 among regions with 55 (unchanged) followed by Haynesville with 34 (unchanged), Williston with 34 (unchanged) and Marcellus with 30 (unchanged).